Shopmonkey Foundation

Analysis

Shopmonkey Foundation is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Shopmonkey Foundation reported income of $123k and spending of $277k, spending 225% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $1.1m to $123k (-89%), an average of -52% a year. The sharpest change came in the year to June 2022, when income dropped by 70%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shopmonkey Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Wisdom Inc ($123k), Motion Picture Bookers Club Foundation ($123k) and Surf City Rotary of Huntington Beach Charitable Association ($123k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $280k against liabilities of $5,967, net assets of $275k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.